This week in tax: UK imposes windfall tax on energy companies

Danish Mehboob,

Josh White, Leanna Reeves, Siqalane Taho

May 27, 2022

The UK has opted to raise a 25% levy on the profits of energy companies to fund a relief package for households amid the cost-of-living crisis. Meanwhile, the OECD’s plans for tax reform have stalled.

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News Direct Tax Indirect Tax United Kingdom Europe Europe

Danish Mehboob

Senior Reporter in ITR

Danish reports on all matters of direct tax and BEPS. He covers a range of tax issues in these areas and what multinationals are doing to manage the tax burdens. Danish also specialises in tax technology and data management.

Josh White

Deputy Editor in ITR

Josh reports on transfer pricing, BEPS, tax disputes and other direct tax matters for ITR’s online and print audience. He covers a range of tax issues in these areas and how companies are dealing with them, as well as the influence of politics on tax developments.

Leanna Reeves

Senior Reporter in ITR

Siqalane Taho

Reporter in ITR

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